skip to main content
  • *
  • *
Find Insight DIY on
* * *

International DIY News

The Home Depot CEO says consumers are willing to invest in their homes

The Home Depot sign - Rob Wilson / 725 x 500

Homeowners are living in their houses longer than in the past, home values are increasing and millennials are forming their own households—all good news for Home Depot, according to CEO Craig Menear.

“All of those have actually helped our business. I think the overall environment in housing has been good,” he tells CNBC in an interview. “We’ve done a lot of work and a lot of study about the millennial generation. They’re now the largest generation, right? And what we see, in everything we’ve researched, is they’re going to follow previous generations.”

Having homeowners live in their houses longer before selling is a positive, he says.

“If people aren’t moving, they’re clearly investing in their homes. That is a project driver,” Menear says in the interview.

Reflecting those positives, Home Depot has had increases in sales of large- and small-ticket products, and growing transaction sizes, he says.

“We’ve had steady growth. Not robust growth, but steady growth, coupled with the tailwinds we’ve had from housing,” he says. “People are willing to invest in our space.”

Image : Rob Wilson / 

Source : Hardware Retailing

Want more news like this? Sign-up for our weekly newsletter here.


16 August 2016

Related News

view more International DIY News

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd

Don't miss out on all the latest, breaking news from the DIY industry